Your Best Guide To Candlesticks | Gail Strauss | Skillshare
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18 Lessons (2h 2m)
    • 1. Your Best Candlestick Course Promo

      5:17
    • 2. Welcome Introduction

      3:11
    • 3. Lets Get Started

      3:37
    • 4. What You Should Know About Candlesticks

      3:17
    • 5. Basics of a Candlestick

      5:43
    • 6. Simple

      1:59
    • 7. Single Candlestick Reversals

      11:52
    • 8. Two Candlestick Reversals

      17:50
    • 9. Three Candlestick Reversals

      14:34
    • 10. Continuation Patterns

      6:41
    • 11. Support and Resistance

      8:16
    • 12. Other Candlesticks

      4:54
    • 13. Midpoints

      2:01
    • 14. Candlesticks and Indicators

      8:57
    • 15. Bringing It Together

      3:40
    • 16. Conclusion

      6:02
    • 17. Bonus Trading Tips

      8:42
    • 18. Best Candlestick Course Promo

      5:17
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About This Class

There are many ways to read a Stock Market Chart, the most popular approach is Candlesticks. All beginner traders will benefit from learning about Candlesticks.You will learn how to use Candlesticks as a tool to help you better time your entries and exits. You will learn to recognize trader and market sentiment. You will end up with a greater understanding of how to interpret and use candlesticks and understand the analytical power of candlesticks.

This course is in easy short lesson sizes, it is a very extensive guide all about candlesticks. How to find high probability bullish reversal trades. How to find high probability setups for bearish reversals and so much more. You may ask, why learn about Candlesticks? Because they are a tool to offer you an edge in your market analysis.

Meet Your Teacher

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Gail Strauss

Real life experience trading the market.

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Hi there,

My name is Gail, from my courses you will notice how I combine my lifetime of knowledge and experience with the stock market into real life in how I explain and help you learn.

We all have started right where you are now.

I have traded forex, cryptocurrencies, indices, commodities, equities and options.

I know what it is like, I have been in the real experience seat of trading.

I work tirelessly to give you skills and tools of value to take away from each of my courses.

I hope you decide to join me and look forward to seeing you in class.

Best regards,

Gail

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Transcripts

1. Your Best Candlestick Course Promo: Hello. My name is Gail, and I've created this best guard. Two candle sticks for you. You might have some questions like, Well, I learned about candlesticks. What help A candle sticks going to bay to may. Why do this Candlestick course? Well, it's all part of learning. And do you want to learn about trading the stock market or the forex market? Well, the commodity market, like any job, profession or apprenticeship their topics that a part of the course or curriculum that you learn and candlesticks is one of those topics. You do not need to know anything about technical analysis or the stock market. To do this course, I will walk you through step by step, and by the end you'll have an understanding of candlesticks. If you want to start trading the stock market and you plan to look a charge as part of your driving analysis, candlesticks are part off that analysis. Why learn about candlesticks? Candlestick? Show the emotion in the market by this, their size and color trading with candlesticks Charts allows you the trader, to understand the market sentiment. Byetta traders use candlesticks to make trading decisions on regular occurring patterns that help them forecast the short term direction of price. An advantage of Candlestick charting compared to buy charts is the variety of reversal and continuation patterns that the candlesticks reveal. Entry is only one issue. It is when you exit a tried that determines your profit, and candlesticks can be used as a trigger for an exit. It is complimentary toe all other methods of technical analysis that you may use, and they can be used across any market or time frame. Well, candlesticks are tried tested, and true candlesticks have helped traders understand the price section in markets for over a couple of 100 years. Candlesticks are easy to learn and understand, along with some basic technical analysis, give you the ability to see patterns in the market and take advantage of these patterns. Candlesticks give you insight into the investor sentiment and thus trading opportunities. So why do this course? While the first step to becoming a successful trader is education, if you want to learn the markets, you can never learn enough and candlesticks or any one part of the pig geeks or of technical trading that is used in stocks for X commodities and indices trading before you start trading, it is important to familiarize yourself with the basics of candlestick patterns and how they can inform your decisions. In this course, I will give you solid groundwork. Explain simply, Like I said earlier, you do not need any previous knowledge to do this course. I keep it simple. Wouldn't it be nice to know when to enter on, when to exit to get those signs? That's why I've created this awesome course for you to teach you everything you need to know about candlesticks, so you'll learn how to understand a candle stick and not have to memorize them. How to read a Candlestick. Bullish Candlestick Reversals, Bearish Candlestick Reversals, continuation patterns, support and resistance. Integrating candlesticks and indicators. A visual summary shade and some trading tips I keep it simple and easy for you to understand. I want you to fully understand candlesticks. I want you to be good at understanding your charts on By the end of the course, you'll know how to rig Candlestick Petain's and be able to enter and exit trades at the right time. I show you really examples on riel chats. I look forward to you joining me in this course. Well, let's begin 2. Welcome Introduction: Hello and welcome to your Biscoe. I do candlesticks. My name's Kyle, but I give you a bit of an overview of what the course will be about. Will obey the introduction, then what you should know about candlesticks by six of the candle stick. Keep it simple. They'll be single candle stick reversals to Candlestick reversals. Three Candlestick reversals, continuation patterns, support and resistance. Other types of candle sticks caps mid points, lead up in triggers, will integrate candlesticks, and indicators will wrap it up with the conclusion on throwing some trading tips and a visual summary shape for you to kick. So the plan is by the end of the course, you will have the ability to Greg noise, candlestick patterns and how to combine them with traditional tools of technical trading. You really have more to gain than to lose or learning about candle sticks. An advantage of a candlestick. Charting is the variety, reversal and continuation patterns that the candlesticks reveal. After time they will stayed out you so strongly that they seem to jump off the chart. I'm not going to go into the history of candlesticks. Rather, get straight to the point. Just be a way that they originated from Japan in the 18th century by Mon Hunza Hama ah, arrive at 200 years old Candlesticks are the most tested and studied form of technical analysis, And Steve Nelson, with his first articles on candlesticks appearing in Futures magazine in 1989 is credited with bringing Candlestick charting to the Western world and is regarded by most as Theo expert in this field. Before we go, I wanted to bring to your attention this website for a meta trade of four. If you go there, you can download it. It's free. It's not tied 20 broker. And I thought it would be a great place for you to download to familiarize yourself with candlesticks and Childs. So I just wanted to show you that. Right? So, uh, I think I will see you in the in the next lecture. Thanks 3. Lets Get Started: Hello, My name's guy. Okay, let's get started. Barlow and Candlestick. We're going to compare buzz mind two candle sticks just to show you that they do present the information just looks different. Visually, the bar shows you the open, high, low and close. It's just like a bar up and down with the open and lift close on the right. A line only shows you the clothes. So which doctor like each closes like a daughter. Then it's like join the dots. Candlestick chose to the open the hyoid alone close, but I shouldn't see it's, uh, more to fetter. Talk rectangle can be Doje easel show you those. It's well, you've got your open. You close your horn your low, that you have the colors pollution the bearish. Now to we met colors calluses Really preference Whatever suits you each candlestick though this doesn't matter what color it is represents four price points or four data points. You're open, you're high, you're low. Any clothes now you can have black red for down. Why shall grain for up? Oh, whatever you choose. But just being aware it's a personal choice. Whatever suit you I wanted to show you this here. This is exactly the same. Can the candlesticks. This one here is black. And what This one's the red and green just to show you, sir, visual thing. So candlesticks other than prosection provide. When the earliest signals that the patterns in the market are about to change. The immediate visual information that Candlestick puts out make sure market analysis faster , more efficient. It's what the quite popular they can reflect the bullish or bearish attitude off the traders. That's the thing with candlesticks. They can show you indicate to you what the market sentiment is, but there are some points to consider. Like any technical analysis, there is some level subjectivity in defining the candlestick patterns and cannot sticks a great in providing signals, but they do not provide price targets now, like a site, candlesticks are great, but you really don't want to use them by themselves. It's always best to combine them with other indicators. This just increases the probability of your training successes, but I don't want to go the other way and have too many indicators or too much on your chance. It really doesn't help. You want to keep it a simplest possible that want to add any confusion to your analysis? The goal of this course is to give you the tube to enhance your own trading endeavors and have higher probability sit ups. That's what you're after. I'll see him the next lecture. 4. What You Should Know About Candlesticks: okay on to the needs. Lecture. What? You should know their candlesticks. Basically, the market is a tug of war between buyers and sellers, Simplest said. The imbalance between the boys and the sill is is displayed on the charts on the processes were reflect other bullish or bearish sentiment. Now, if the market was an agreement about what the price should be on the Bain eye movement in the trading session now this principle can be applied to all instruments like stocks, options warrants, forex futures and indices so the candlestick patterns can be used across any market, which is awesome. Now candles might be created for any time period, whether it's a minute our die awake or a month an H Candlestick represents the prices tried to during that time period. Now Candlestick Pattern will usually have an impact between one and five periods, meaning that when you've done your analysis and you have expected particular movement judo candlestick Patton, you'd expect that happen within the next 1 to 5 candle sticks, depending on which time period you're working with. The one primary and most basic premise when using candle pattern analysis, is that you must first identify the trend of the market before you can even begin to fall in the candlestick patterns. No candlesticks are great assistance in trading, but the actual process action Trump's candlesticks wear candlesticks come into play as well as a couple of other indicators. It's not that they're necessary to tried, but by using them you can just try it much better location, the accuracy and relevance of a candlestick Patten has to do with the location off the Candlestick pageant, for example, Bullish engulfing candle at the bottom of a downtrend is better accuracy than at the top. Oven up trained. So back to that look for the trend. First, don't neglect the direction that the instrument has been moving to properly identify a patent. Okay, see you in the next lecture. Thanks, boy. 5. Basics of a Candlestick: boy, welcome to the next lecture was going to go over the basics of a candlestick. I know this is fairly dry, but the information will stand by you. And at the end, you will really understand candlesticks if you complete this course. So each candlestick is represented by four data points. The open, the high, the low on the clothes. Now the real boarding, which is like this square rectangle. 19. Your city shows the pro I So the between. When the Kendall opened, when the candle closed, what price points they were. If the price in that period opens and it goes up closes higher than when it opened that is classed as a bullish candlestick. If when the price opens and during that time the price closes lower, the window opened that's classed as a bearish candlestick. The wicks, tiles or shadows, similar things you've got your week in the upper shadow, it tile lower shadow. So they're the thin lines that are above the rial body guy. In another visual, the week is the hoi the tile. Who's the low now? These are generally considered to be less importance in the actual body part of the Candlestick because that's what they're showing here is extreme fluctuations of whether it was the height of a low during that period. The color of the candle gives us information as well, and on the most charming packages, you have the ability to display the candles toe whatever color you like. I'm working with green and red. So when the rial body is white or green, this means the closing price was higher than the opening price. The bulls were in control. Sentiment was optimistic. Demand was greater than supply. Price went up when the rial bodies black or red means the closing price was lower than the opening price tried is liquidating. The effect was driving the price down. Sentiment was visit Mystic in the biz ring control for that period. It's a ploy is greater than demand, and the price was driven down. So the elements of the candlestick other Kela, the range the body saw is the location of the shadows, the shadows, sizes, the candlestick development, the location and the volume. So the candle color. So we got the bullish implications of wider grain, black or red bearish implications. The range is from the hoist to the lowest points during that period. The body saw. This is the actual real body, which gives you conviction of the bulls or the bears. The Shadow locations provides an indication with the boys or the sellers the strength. So you've got a long week, they price has been going up. And then there's a real push up, but it falls back. The boys were awakening. You'll have a long week of the top of that, or if the price is going down, down, down and then there's a push down. But the price pulls back and you've got a long wick down the bottom indicates the sellers awakening. He is a visual just overall. You got your colors, the range, say, from the hoist to the low, the weeks that on tiles and the body saws. So we just talked about then the longer the shadow, the greater the market rejection of the price levels. And this is relevant in location. In combination with location development, you can dissect candles down. If you had a weekly candle, you can dissect it down to five dialing candles. The location. This is the stages where you've got the lead up. The trigger on the confirmation. If you only look at the trigger and ignore laid up or the confirmation you will not receive the full benefit of using candle sticks to the maximum potential and volume and increasing volume on the final candle is an indication or confirmation across any button. So here we've got the just another visual for you. Got one weekly candles to your left daily. Candles to your right. Just shows you that one candle. There's made up those five candles. Okay, well, we'll move on to the next court. So seeing the next lecture. Thank you, boy. 6. Simple: I welcome to the next lecture. This is really simple and really quick candlesticks. A really, simply a combination of foxes and lines. You got the different sizes of the the long bodies were sure port is spinning tops or bottoms. Here, you've got your long up a week. He got a lower tile. You got nobody at all. So simply that's all the candlestick is. It's a combination. So one of those things, whether it's long or short, bodies, long or short weeks or nobody's. And with this combination of boxes and lines, you can get bullish reverse reversal patterns. Such is the Hemmer visual inverted him. Abolition, golfing, the piecing, which will explain in another league the toys of bottoms in the morning Star get six bearish reversal patterns. Hanging man. The shooting star bearish, engulfing the dark cloud cover twist tops. New evening star And really that said, it's a simplest. That is just a combination of the boxes in the lawns, and they can give you are the very short, bullish indications. Okay, so you in the next lecture. Thank you. Both the nail 7. Single Candlestick Reversals: Why Welcome to the next section. I'm going to talk about single Candlestick reversals, making it bearish. Single Candlestick reversals, for example. The shooting stopped. Yeah, the shooting star has an upper shadow at least twice the length of the body or very little or no lower shadow. The color can be either. But if it's your bearish color, red or black, that will increase the bearishness off the shooting star that's generally found at the end of an uptrend. And hey, confirm it is the upper shadow of the upper week and the rial body of the next Candlestick following the shooting stuff must be completely under the entire trading range off the shooting star, even if a gap is not present so that if you have a gap but its strength, so strong signal would be a get before or after the trigger. But you know, we don't always get gifts to his shooting star. The candle is showing you that the higher prices are being rejected and the bulls cannot keep driving the prices fire. That's a perfect shooting star because it's got little or no week on title on the bottom. The Doje, now the Doje has approximately the same opening, and closing prices on the rial body is pretty much little negligible. The Doje at the top put. That trend is more powerful than a dorje at the bottom of a trend. Now take note. He If there's a lot of dough Jeez, in the chart, the Doje becomes less effective and you look it support and resistance is will for clarity when it comes to dough. Jeez, so it's when you see the Doje. It's a balance of supply and demand, and all types of dough geez have the same impact. Location is affect er in reading and Doje pattern. Generally, they signifies a signified pores or period of indecision. It's a few different types of dough. Jeez, the ritual man gravestone, Dragon flight and your garden variety common Doje, The Hanging Man. Now the Hanging Man has a longer lower tile, and that's at least twice the length of the rial body, with little or no upper week virtue in reverse of a shooting star. So the hanging man and the confidence in the bulls has been shaking. Fight in the instrument has diminished, leaving the instrument vulnerable to bearish pressure. Color doesn't measure. But again, if it is a very Schauble bearish Keller that does hill the spinning top now the spinning top is similar to a Dorjee, but a thicker real body with more difference between the opening and closing prices. It is not as past powerful, it's a dorje, and the weakling length is really unimportant, and the candle can be are the color. But like all Petain's, a stronger signal would be a gap before or after the spinning top. So again similar to the dough G, where you've got balance pours in decision, and it can signify the end of a trend in the start of new one, depending on the balance of the supply and demand, so that I were bearish. He had the shooting star, the Doje, that hanging man from a spinning top four of them. Now we're going to for bullish single candle stick reversals. Hemmer, now the Hemmer as a lower title, is at least twice the length of the length of the body, with little or no up a week. Location is generally at the end of a downtrend can be all of the grain, or it can be any color. But grain increases, the bullishness and a strong signal, like with all of them, is it get before and after the trigger confirmation that is a Hemmer, the lower tile and the rial body of the next candle following this must be completely above the entire trading range off the Hemmer, the addition of a gap ad strength. So it's a bullish reversal that showing rejection of lower prices again a Doje. It is the same opening and closing prices. It's hardly any body. It does serve as a bottom reversals, and there are many in the chart that becomes less effective. Like I said before, the Doje is stronger. More is a the top of a trend Sauza Barish reversal than at the boredom. The inverted hammer. Now this has got a long up a week, which is at least twice the length of the rial body, with little or no very small lower tile. This inverted hammer and it what convert ahem is telling us is the biz have been in control . The bulls have pushed the price higher, but it falls back over that period, showing the bulls of fighting back waiting for confirmation after the inverted hammer because in general, markets lose confidence easier, quicker than my guy in confidence on the spinning top. That's similar to the Doje, which we said before, but it's got a bit thicker. Real body difference during the opening and closing. It's not as powerful as the Doje and it got in the week. Length is unimportant on the candle can be either color and, like all patterns, that stronger signal before I get before and after. So you've got your four very shiny four. Bullish. You've got your food bearish shooting star Udoji at the top of a trend you're hanging man on a spinning top on the boys side you've got your hammer Dorjee the inverted huma and the spinning top says you can hear the dough Jean spinning top work both bullish and bearish. See if we can have a look does just so to show you a few things. So this here is three year Rusdi on a four hour charge, Harley traded, um, currency, and this is really since about this is over. My lift hears about the lich July, so this is July this year, So if you went to a and we look at the candles. So we're looking at the top or bottom of the trend. If we can see a Doje Aura shooting star rule inverted Hemmer here, you could have You've got a spinning top. It's not really a shooting star or Ah, the hanging man. Or that because you've got the week at the top. I'm not sure if you can see that this one here said Green candle Day. That's pretty good shooting star because it has a very small tile going to come down now down the bottom. Here we've got a spinning say it looks a spinning top, and that's a, uh, smaller Doje spinning top. So good a few things there. That, too, is I, um heh. MMA the guy and see it sending out a small weak on the top and right next to it is inverted him a So in that cluster that you've got a few things that are telling you, Will it just saw incident? Probably turn and go up. Uh, looking were else. What else have we got? I'm looking for single candlestick reversals because there are the next section will talk a bit. Double Candlestick reverses here. Say he that red one in the center. That would be a hammer. It's got a very small weak on top the week underneath. The tile underneath is a couple of times longer than the real body up here, just sort of quickly looking for you. Um, that's not a bad shooting star there. It's got a very small tile underneath it and the length of the week above, his least twice the distance of the body again, a spinning top type. Mm, yeah, down the bottom. Here, couple of hem is probably see any hanging men you don't owe. How many does Jesus either? I mean, it takes time to I don't want to just take up all your time slowly looking at the charts. But try and just have a look or rail charts. But here we are nail with the what's the lightest. So they had a couple of spinning tops. That's not really showing us much at the moment, because it's quite good. But small Thailand not a bad, uh, body. Basically, I think if you consider you see that no longer week than the body, that's it's generally the price is getting rejected longer week than the body the price is getting rejected. And that's just a single thing you could look for. That's the common thread thread that those id four of age of the bullish and bearish reversal candlesticks. Okay, I'll see in the next beat. Thanks. Bye for now. 8. Two Candlestick Reversals: boy. Well, we're onto the next Listen, we talk about two Candlestick Reversal patents These air candlestick patterns that need to candles to be viewed together to give other a bullish or very signal we've got the bearish engulfing pattern. This is powerful. When founded, the top oven up trained, it generally signifies the end of an uptrend. You'll see a small white or grain body is completely engulfed by a long black body red body . It is better with an increase in volume, and then it becomes what they call a dominant candle. It is important that the body of the second candle engulfs the body off the first scandal. If the long black body engulfs the weeks, is well, while this makes it even stronger and a higher probability of reversal. So the colors of the 1st 1 must be what I told grain. And the colors of the 2nd 1 must be black or rid. Oh, you know, let's secure volition. Various colors. The midpoint from the top of the week to the bottom of the tile forms a good resistance level for future activity. Good point to remember that one. So he's a Berry Shing golfing and the big candle ISC. The body of the first candle was completely engulfed by the body of the second candle. Another bearish to candle, Patton, is what they call the dark cloud cover, and this is also a bearish reversal pattern. It's more significant if this little in the weeks what has to happen, though the 50% penetration of the second candle into the body of the first candle is very important. If the guards more than 50% well, this makes it even stronger. But if it doesn't go to the 50% or less than 50% the signal is possibly not a reversal. So it doesn't fully engulf like air engulfing one does. But it's good. Over 50% of the why of covering the the first candle on this shows you that there is selling pressure around. So what we'll do now is let's have a look on a a real chart and just see what we confined. Okay, here's a charge off the Was he ust for Allie? So let's just now memory Gotta look for the took the top of up trains. So look, the 1st 1 here. Thank you, ***. Now see how that read. The body of that candle is engulfing that green candle. Next, that's classed is engulfing. Moving along now. See, you had a big candle there and did have a red candle because at this stage you don't know what's ahead of you here. But see how this red candle didn't gonna trait 50% of that candle. So really wasn't a strong when we talked about the dark, their cover Hey, have a really strong puts off the candle before it's engulfed that candle. But it's also engulfed a couple of other candles on that one is a body. His engulf that candle. Say, you're saying a few signs there that it wasn't skipped strong to keep going up. Um, up with the top of this was really nothing there. That's really that's not an engulfing or cherishing golfing on that clear cover here again , that's not enough to be classed is engulfing or dark cloud cover this one on the other hand , it see how that's engulfed the candle before it still went down. I think the ah G, that's right on the limit that one isn't it is a dark cloud cover. There's not really? At the top of it is a bit of an up train. That's quite it. More of a stronger engulfing candle. That one there. What do we go to the top of this Now here. We've had a fairly decent run up and see what we have here. I'm not 50% yet. They're starting to see and engulf in candle, but it didn't actually go down at that point. There's a dark, their cover CIA. That body is more than 50 50% of that body. And then you had a really strong coalition golfing. So finally did go down, but it so confused candles. And now not really here. Now that isn't CIA, that red bodies engulfing that grain body so you'd have it going down. This time we'll look at bullish engulfing Patton. So this is the reverse of the bearish. So it's powerful and found at the bottom of the downtrend. It generally signifies the end of a downtrend. So your small black or red body is completely engulfed by a long, white, whole grain body. It is better with increase in volume than it becomes a dominant candle. It is important that this body off the second candle engulfs the body off the first candle . If the long white body engulfs the weeks as well. While this makes it stronger on a higher probability of reversal, the colors on this one the 1st 1 must be your black or red candle, and the 2nd 1 must be white or grain. Same thing again. The midpoint from the bottom of the tile to the top of the week forms a good support level for future activity. So there's your bullish engulfing, which is now showing you that the boys are in control. Now there's a piecing pattern now. This is a bottom reversal pattern, which is more significant if it has little or no weeks exist. It's the 50% penetration of the second candle into the body of the first candle. That's very important. If it goes more than 50% this makes it even stronger. If it goes less than 50% signal is possibly not a reversal. It's virtually opposite of the the bearish engulfing in the dark cloud cover. You've got the bullish engulfing in the piecing passion so must least go past. The 50% mark doesn't have to go all the way, but it has to lease go past that. 50% showing in the buying pressure is the Okay, So let's have a look on a chat for some couple of bullish ones. What have we got to work this time? We've gotta look for the bottom of a downtrend. It's a good place to start. Well, come all the way down. Well, there's your first bit of downtrend. That was a really good blow it up. Coalition golfing, but it didn't really hold was just a one candle. Another bullish in golfing, But again Oh, come on. That one really got station up by the very shingle thing. This one here G that doesn't look 50% to May is a piecing patent, though it did actually go up, um, defined. So we looked at the bottom of a downtrend. It's an export. Um, woman, you had that Hamad A But that is a bullish. Well, didn't golf the candles before, but I mean, we can see what happened afterwards. To be out beside was foolish. No, look for another bottom. The downtrend. Um, that one that now that would be any golfing. So I haven't seen any piecing patent you it another engulfing golfing here. See if there's something on another chart going back. We're looking at the bottom of a downtrend. There's a downtrend stuff day, let's engulfing! It's pretty obvious, isn't it? When you say it held engulfing and piecing works same or engulfing than we are piecing? What's the bottom of another downtrend? Golfing Whole thing, see, is no. Why that's come up to pass. 50% can't quote piercing what we got here. So it didn't. But that one engulfed this one another engulfing Well, that would really go. Actually, cancer. Too many piecing to show you in this run. Just looking Klein. They're not really enough. I wouldn't call that piecing that one's press, probably at the first piecing we've saying. See how that candle but green candle there is what g past halfway of that candle that was a name to follow with. That was you Well, is so on. Whatever about the end of this run working, golfing? Yeah, I mean, but and I probably stretching it to Say'that's appeasing Patton. That's a fine point, since it is many casing Petain's on that run. But I'm not gonna just waste your time looking at just but have a look and you'll be able to just sort of see what you can look for yourself on. He's seeing patterns bullish, engulfing bearish, engulfing dark cloud covers good in the final bit without two candles for reversal signals , Whether they're bullish or bearish is the Haram E Oh, I think sometimes called me inside Bob. Now the Haram E is found at both tops and bottoms so it can be bullish or bearish, and the two candles can be of the same color or different color. That this one really doesn't matter. It still works the same. The trend will or the reverse, but more likely to go in a sideways trend. The first real body must be totally engulf the second real body. This is actually a reverse avail, engulfing one logistic and if the weeks air engulfed as well, this is even stronger. This is more a sideways move, an opposing trend rather than a complete change of direction. So he's a few shots, so see how they commit same color or a combination of colors. So the first real body shows the decided move by the market. The second shows in decision. An indecision shows vulnerable vulnerability toe a counter trend attack dominating strength is recorded to continue the trend that some pictures on it the now a variation of the Haram E Rin sidebar is the Rami Cross. This is where the second candle is a Doje. Now this is stronger than your bicycle Rami. The entire Doje is engulfed for the first candle. Now here, the color of the first candle, which would be the color of the trend, does have significant strength to the pageant. So what can do, followed by Doje at the top oven up trained is more likely to be a reversal, and a black candle with the Doje at the bottom of a downtrend is more likely to be a reversal. So there's your army cross, so the color of the first scandal does make a difference. He, because that is your trend color so hum Haram across often represents the ideal resting point for a tired market, and any sign of indecision shows potential signs for a reversal. So we just have a quick focus. The charts again see if we can see any. That's not a bad one. They so see how your first candle is the red cause. It has been trending down. Then you have a smaller candle. Agree one on this side of it. And this first candle is is engulfing the second candle. That would be one. They, um that's what I sometimes call it a pregnant candle, actually, just trying to sing, Really? The end of this was the end of a run. So remember, before we're looking, we couldn't really call that a piercing. But you could call it Haram me. Because off the the first kiss first candle, which is the trend color is engulfed the second candle. Um, just trying to do it really quickly. It's nothing Major is jumping out there, so look good. That's another charge. Soon they out so we can see. So we're gonna get the top and bottom of trains, stop taking place, Okay? There's a top trend. Didn't really have a That's more goal things. So I want to show you this. No, that one's not too bad. You see, a trend was down and then it had a a small small candle, which is in golf, boy. So, um not saying it's many that one there. The top because it's come up after talking up train. See, other first candle didn't go for the 2nd 1 So it's a Karami because it's smaller. One can't see is many on those chats. But look, have a look at the charts yourself. And I'm sure I mean, there was just a couple of charts too quickly. Try and give you some ideas, but have a look at the chart yourself. And I'm sure the outer get the hang of the Haram. He winds like that. Harambe crosses dark cloud covers, piecing Petain's bullish and bearish engulfing. Okay. Oh, see you in the next lecture. Thank you. Bye. For now. 9. Three Candlestick Reversals: Hi. Welcome to our next lecture. Three Candlestick reversals. Now we three Candlestick Reversal patterns. This is three separate candles. I don't think that because there are more candles, that is a stronger pattern because really H pattern, regardless of the number of candles, have their own strength. The power of the pattern really depends upon the lead up the trigger and whether this pattern has a history with that instrument. For example, if there is a lot of dough G action, that means they'll believe lists of a strength of the Doje on that particular instrument. 1st 1 will look at is a bearish reversal pattern located at the top of a trend called the Evening Star. Now this pattern is more potent, with gaps as most of the patents in between the candles, the first long white body is followed by Gap followed boys, small star avoid the color, followed by Gap and then a black body. Now the last candle may be completely within the body off the first candle. So his four points to notice these ed strength to the signal. The lower the third black candle is the more significant the passion. If the third candle is lower than the body of the first candle, or in the lower 50% half of the first candle body and with horror volume. So this evening star pattern tells you that boys are pushed to exhaustion and the sellers are coming in. If it has a Doje is the part of the pattern and evening star Doje. This always strengthens the patterns, and if remember, Doje at the top of a trend is stronger than a Doje at the bottom of a trend. Now this evening star Dorje doesn't necessarily have gaps, but gaps again do make it stronger. So there's a real evening start energy, and another one is a couple of crows a guy, and this is a three candle pattern related to the evening star top reversal pattern. So your first candle is still in trends. I'll be quite a grain. The second candle is a gap with the black or red candle with a smaller real body than the first white body on. Then the third candle opens within the body of the second candle and closes blow. The close of the first can't afford candle. So with this one, the instrument has experienced a lower close comparing candle 12 candle three. So the bulls confidence is shaken and the bids are ready to move in. So let's have a look now on some charts. But those three patterns okay, I did a little bit of print purely to save your time. That I can like. This is quick for you as possible, so Ah, 1st 1 I highlighted here. You'll see you've got your a shooting star followed, boy. The third candle. So you've got the first candles in trend. The grain the But soon that had a bit. If I can. There it is. In this third candle opened G b pretty close to in that shooting star candle, which sort of combines it with the the two crows. Because the close of this third candle is lower than the close of the first candle. What's this one here? So what, You're in trend shipping, stuh. Then you've got you. But see how this one opened a bit lower than the second candle set scandal. One candle to candle three. And obviously you're not to know that when you get on, but the more it was taking out the first candle. The stronger was becoming that it was sit up. But if we got here in trend, it's now you do you Shooting? Stuh doesn't have to necessarily be like you fear this trend of grain up and it's a grain one than 1/3 candle is The red third candle has to be black or red or whatever you down candles are, but your second candle could be a candle. Avoid the color color. Obviously, if it's the negative color, the red or the black, it's a stronger, a stronger signal like this one here. That was a red candle on the trend. Out was a stronger signal, but this wasn't a red candle. We need that to be red suited one. That's why I didn't point that one out to you. Um, I would go to here. It's not really a shooting star, you know, I'd be stretching it. Decide that one was. That's more going back to you. Bearish engulfing this one Here, you're in trend. It's shooting up. It said Candle. Is it time to get there? And it's closes lower than the first candle and last one? Yes, gun urine trend. That's ah G. That's more of a dough G spinning top. It's not really a shooting star, but then your third candle closes below your first candle. That's just sign. That's the combo of three candles. The point is, you got the combo off the three candles that Ah giving you. You've had your trend up your trend move, and then you have your short up, followed by the third candle that's pulling back away like that one. There it's, It's the shot up third candle. Have look on some chat says just one chat or one time frame. Have a look across all chats on old time frames. Okay, we'll see in the next bit things, boy. So that was the Berry Sri candle reversal. Petain's Let's Now Have a look. A TsUM Bullish reversal patterns. Three candles. Now the 1st 1 is the Morning Star that this is located at the bottom of a trend. The first long black real body is followed by a gap polo boy, smallest star by the color follow boy cap and then a quite real body. When I say white or black, it's whether it's bullish or bearish. Could be red or black, quite a grain cap said Strength. The last quite green candle closes within the body of the first black candle, sometimes even outside it. Volume makes it even more bullish, and any trading after the Morning Star should be at least above the 50% midpoint to provide confirmation that there is a change in direction. Greater than 50% penetration has significant implications. So this Morning Star pattern tells you that the sellers are pushed to exhaustion and the boys are coming in now with the dodgy the Morning Star Dorje. So whenever Dorje is part of the pattern, the Petain's power is strengthened. This one doesn't necessarily have to have gaps that gaps make it stronger, and they should. Morning start Dorjee, and the 3rd 1 here is white soldiers. Now, in this three candle pattern, it's related to the gain, the bullish bottom reversal pattern. So the first black or red candle is still in trend. The second could be a gap with a white candle with a smaller riel body than the first black or red candle on. Then the third candle opens within the body of the second candle and closes above the clothes off the first black or red candle. If the second and third candles are white, this is more bullish. So with this one, the instrument has experienced a higher close comparing candle 12 candle three. So the bears are losing their grip, and the bulls are ready to move on in. So let's now have a look on the charts to see to show you these patents on some real chats . So I will be in the Morning Star, Morningstar Dorje or the to What soldiers again just quickly at one charred corn. Keep it quick and simple for you. So the 1st 1 here removed the rectangle. So we've got the in train color and we've got the said that it's It's more you to what, soldiers? Because you're sick and candle is smaller. See the third candle that's opened in the the third candle opened inside the 1st 2nd candle but closed higher than the close of the first candle. So three combo that'd be like the white soldier soldiers. This one that's a nice looking Doje. Morningstar's. He hurts. Not a lot of body on it again. You're trend color, and then this one's opening and closing just been engulfed if first scandal, it's back to the principle that there Oh, this one. Remember, boys selected this, uh, struggling to find a few gaps near gaps Do make it stronger, was telling you in the theory and see how there's a gap in there between that candle than a gap there and get all the gaps there. That is really great for the strength of a trend for the start of a new trend. So and how these candles, this one then closed higher than the very first candle. So that was more wonder showed here think Oh, whatever. Good Here, Kaine, you're Terje boredom. And then you've got sick candle, which is opening close to the body or in the body, that second candle closing higher. Then the closed the first candle. Just a bit of an overview for you, But take your time yourself, Have a look. Have a look. A different charts of look, a different time frames and, um enjoy. Thanks. See you in the next lecture, boy. 10. Continuation Patterns: Welcome to the next lecture here. We're going to talk about continuation patterns, not reversals. So the 1st 1 we're going to talk about, we're in a downtrend. It's a dance sawed Suzuki gap, so obviously the instrument is already in a downtrend. This will represent a pours in a downtrend. It's made up of three candles you've got your first is your black Kangol. It's a gap next to the black and then a beer. White candle will be the third candle, which must open in the body of the second candle and partly closed the gap, but not fully close it from. That's from the third to the first. The gap must be present. If a gap is filled, this could signal a reversal. It's a minor pours in the life of a downtrend, the other thing in a falling the falling stream method in the downtrend. Now this one actually takes five candles to make it up. The first is your long black candle. 2nd 3rd and fourth, just small bodies. They really don't matter what color they are, but it does matter that dire in the trading range of the very first candlestick, and then the fifth Candlestick is a long black that closes below the clothes off the first candle. The next candle, trading below the midpoint of the last candle, shows that a Berries continuation, so this falling three method is found in an existing downtrend. Some of the sellers are taking profits. New sellers are entering Ciller's regain control again, and they push lower. Never look it up, trained the upside to Suki get so if the instrument is already in an uptrend, this represents a pose. In an uptrend. It is a three candle formation. First is your white candlestick green to get to the next white, a green one, and then the 3rd 1 is a black candle, the must open in the body of the second white candle and partly closed to get but not fully close it. The get must be present if the gap is field could signal a reversal. So it's a minor pause in the life of an uptrend, and the last one with continuations this ones found in the uptrend is read. The falling three never got the rising three method again, five candles to make it the first being the long white 2nd 3rd and fourth of small bodies don't really matter what color they are, but the point is that they are in the trading range of the very first candlestick. Then the fifth candle is a long white, and it opens at or above the open of the first candle and closes above the clothes off the first candle. The next candle trading above the midpoint of the last candle, shows a bullish continuation. So the rising three is found in an existing uptrend. Some boys, they're taking profits and newboys air entering the boys regain control again and it keeps pushing higher, my k. So have a look on a chart and save uninsured, So show you some on real chat. Okay, let's have a look on this chart. This is the U. S. 500 kind of a little prick. So this area here is a downside to suit. Kick it. So you've got your see the gap that's present. And then this candle comes back, doesn't completely fill that gap and then continues on its downtrend. So the gap is partly filled but not completely filled. Here we have a This is a pours in the uptrend. So you've got your first candle? No, Actually, this one has 123446 candles. Not just 23 and four. What? 234 fives. But the point is, this group of little candles here have not gone outside that trading range of this candle one. This first candle that that was the point of that. That's you. Rising method, like he's another rising method narrowed. Only had a few candles. 2345 Again. The point is, they're not breaking the trading range of that very first candle in the pores. In the uptrend, he regarded pours in the downtrend. The first candle 234 And then you've got your break down again. These candles haven't broken. Now the trading ranges from the tip to the tail. It's not just the body, it's a whole range. When I say trading range, it's the whole from the highest point, the lowest point. Okay, Have a look on some chats, all chats, all timeframes, all instruments. I know. Start to see the patterns. I'll see you in the next lecture. Thanks, boy. 11. Support and Resistance: welcome to the next lecture. He we're going to talk about support and resistance resistance first. So there's a pattern called tweezer top candles that have upper weeks where the highs of two or more periods are at exactly the same price. Candles can be of any color, and the upper weeks at the same price do not have to be next to each other. They can have quite a few candles in between them. Generally, though, founded the top one uptrend, but they can be found in a downtrend, which then confirms the continuation off the downtrend. This candle pattern shows you that the market has difficulty trading higher and will probably head lower. But these resistance levels that's generally where the sellers will be jumping into the market. Another candle, Patton in this resistance area is an up thrust. It's related to the toys. A top. It's a one long candlestick, and the week penetrates the short term resistance level. And then the price falls. The candle can be are the color, but a black or red candle gives it a much more bearish nature. The long upper week must be above the previous day's trading range is not just the previous candle to be called an up thrust a guy, and it's generally found at the top of uptrends. I know gaps need to be present. With the up thrust, the bulls is showing signs of exhaustion, and it's a last effort to drive the price up. But it's quickly eradicated on this. Allows the beers to move in with force. Now support the toys a bottom candles that have lower tales where the lows of two or more periods aren't exactly the same price. The candles could be of any color, and the lower tales the same price do not have to be next to each other. They can have a few candles in between them. Generally, they have found at the bottom of a downtrend but can be found in an uptrend, which then confirms the continuation off the uptrend. This candle pattern shows you that the market has difficulty trading lower and will probably be hitting higher. So at these support levels, this is generally where the boys will be jumping into the market. The other one in the support area is this spring. It's related to the twist tweezer, bottom toe, one line candlestick and the tail penetrates the short term support level. And then the price rises. The candle can be or the color, but a white or green candle gives it a more bullish nature. The long, lower tail must be below. The previous day's trading range is not just the previous candle to be called a spring again. It's found at the bottom of down trends. No gaps need to be present. Upward price movements after the spring confirm the pattern, with the spring it showing you that the biz have failed to maintain a full downtrend movement. It's their last effort to drive the price down, but it is quickly eradicated on this allows the boot balls to move on. In here we have a chart off the S and P 500. I'll have a quick look. It support and resistance support resistance lawns. The more points that align touches gives it validity to becoming a support or resistance. So taking this line here it was it was a resistance line. As you can see, it hit it three times. Even here it was resistance and then the price moved higher. Then later on, when the price fell back. It became support. So you didn't go through that? Go on there. So support and resistance can change in time. Here's your resistance line. Here. You've got the more points that air hitting it, which then becomes port and the resistance there more times a Linus hit on points that Hey , get a support resistance on. Yeah, just zoom yet. Have a look. A couple of these areas. What? I've so here. It's actually what we're talking about is the toys of bottoms in an uptrend. So looking at this area that's traveling up here, But in this zone you've got a couple of candles that are at the same toys of bottoms which confirmed the uptrend was continuing of here. You've got your twist. The tops with the price is coming up to a couple of levels. See how they Not exactly together. But they had a price level and then it fell away. Sets had toys. A top here, we headed toys. A bottom in an uptrend. This one here is the toys. It, um bottoms. No, that was I want to show you an up thrust in their thing. Bag to here? Yes. See how the trading range. And then you had your candle so that in that range they the candles weren't breaking below that candle. And you had your one fondle spring down, which is your spring candle before it changed to go up. Broke the trading ranges of the days before this one here is Think that's an up thrust trying to zoom at to show you be clear. So say he you had your trading range was going across in this candle it the bulls and making a effort to push the price higher and then fill away that you're up trust. I mean, a guy nets one charge. You're looking all different time primes, different charts, different instruments. That gives you a little bit of an I d. On a chart of the support and resistance. I'll see you in the next lecture. Thank you, boy. 12. Other Candlesticks: Hi. Welcome to the next beat. Let's look at some other candlesticks, Maar. You bows. Ooh! Now this pattern is considered to be the strongest single day pattern and is either bullish or bearish. It lacks tales and weeks, which indicates that the sentiment was very strong. So long bullish Candle is extremely strong, but a bearish candle is not as strong, but rather it shows that the downtrend may be running out of steam. How he can use his pattern. Well, if the instrument has been in, I trading range on, then breaks out with good volume. This shows a move in that direction for a couple of trading periods. The short candle. These have short riel bodies with smaller very little weeks or tails. The show in decision and after a strong move, these air common to see as a pause. Usually the trend will continue. No other the bulls. All the bids have a dominant up a hand during these periods. The dominant candle. These are long riel bodies with small or very little weeks or tails accompanied with strong volume. It clearly shows which why the instrument will be moving these air strong signals relative to previous trading sessions if they break through support and resistance. So here's a summary of the three candles that we've got the my boozer with short candle in the long candle, and here you've got the bullish three lines. Strike with the my Bouzou says. See how this can't grow long. Green candle has completely engulf those three bearish candles. They again down the bottom and on this side you've got your bearish. We'll see how it's engulf those three bullish candles say so that's some other candles in the candlestick. Petain's Let's have a look on this chart of the US 30 straight 30. Here in this area, he see that red candle they that is a Mara do zoo. We zoom in on the edge. You'll see there is no weeks or tails here, just hard lauded. They a pauses in your trends. A lot of small candles, small runs, hear what I highlighted, Joe zoom in and show you is. I guarantee that books. That's just small pores in the run. This one here is your long dominant candle and see the volume down the bottom. Here we've got increased volume tawni quicksand tiles, and this is actually a similar one damn thing or consume in anymore. It's got a tiny weaken Tony tile and a guy in You've got your increased. I told you so. You got your increase volume 20 weeks there your long ones. I didn't have any bearish ones to show you in this section. But I'm sure you have a look on charge. You'll get to sort of see it was hard to find Amara Bouzou. That was lucky to find that one because most of the candles seem to have weeks entails on them. Anyway, Have a look. Have fun yourself and you'll start to recognize the different candles. Okay, thanks, boy. 13. Midpoints: welcome to the next. A little bit gaps, midpoint slowed up trigger and confirmation gaps. Gaps are likely deformed future barriers for support and resistance lead up. Trigger confirmation. The lead up and the trigger adjust is important as the actual candlestick pattern and looking for confirmation. The dominant white candlestick base or midpoint Mid points are important. A dominant long white candle has increased volume. If this candle pattern breaks above a previous resistance level than the base or midpoint off, this candle is a great indication of a place for future support and placing a stop loss or exit point. If the top of this candle acts as a support level, this gives strength to the bullish implications. The dominant black candle stick vice or midpoint mid points again are important. This candlestick is good for exiting a long position or entering a short position. The dominant black candle they've been without large volume has strong bearish tendencies. If this candle pattern breaks below a previous support level, the top or mid point of this candle is a great indication of the place for future resistance, placing a stop loss or exit point. If the top of this candle acts as resistance level, this gives strength to bearish in implications 14. Candlesticks and Indicators: right the next Kilic chur, integrating candlesticks and indicators. Candles are the most tested and studied form of technical analysis. Candles are trumped by the actual price action, and good traders remember their trading the instrument, not the indicators. Good traders choose their indicators carefully and never take them too seriously. Indicators monitor and reflect behavior. They do not dictate it. Technical indicators are enlightening and should be considered as advisory. They do not overrule the price action, and this includes candlesticks, they predict. But they do not guarantee so. Why learn to trade with candlesticks? While the answer is the trading can be much better with them, The key to making the most of blending indicators and candlesticks is playing to their respective strengths. Japanese candles were never pick out and highlight a double bottom bounce off support, but they can reflect the bullish or bearish attitude off the traders moving average indicator. The Golden Cross. This is where two moving averages cross or the share price crosses up through the moving average. This would be a bullish sign. A dead cross is where two moving averages cross or the share price crosses down through the moving average on this would be a very solid. Okay, He's a chart of the US 500. Just goto simple 20 moving average on the chart, as you can see. So what we're saying is when the candles move above, for example, down here, you'd be looking to go long when the candles moved below looking to go short, above below, ex cetera. One thing to note with moving averages, that slope does make a difference. So can you see here that the slope of the moving averages up? So when the candles crossed, it was sloping up was here. It's flattish. So So that's why that one really would have been a file. They're cross, but see the slopes, up slopes, Dan slopes there just just a little thing. So that's what you move. But if you put on a second moving average Ford in his default one, he would have got add dead crosses in gold and crosses. So he you have golden cross. Ah, here you have a dead cross. Golden Cross. It was a Golden Cross that was a dead cross, but the file did cross. Now it's getting ready for you'll be whiting for a fresh dead cross possibly. Okay. The stochastic oscillator above 80 on the stochastic oscillator is called the Overboard Zone. And you would say praise signals with the candlesticks preparing you to sill or go short below 20 all the oversold zone. You could see pre signals with the candlesticks and this would be here showing your signals to go long or boy Okay, Same chart this time. I've put the stochastic oscillator on it and you've got your 80 line So above the euro overboard and you're 20 launder and the bottom is your of assault. So starting here, moving backwards. So you stochastic was on the over overboard area. So you're looking for signs to go short. Not really getting a great deal until probably about there. That red one is a dark cloud cover we've broken the midpoint of that green candle. Could be. And remember, moving averages was starting to possible so you'd be possibly a short coming their way. Looking at ist Castaic rolling back here, Say, last area with you of board Do we say anything with their candles? Me, and not really see the small candles. Remember the pores to small Nothing. Really telling is anything too much, my B. That's a fail it could bearish engulfing there. Yeah, he might be able to squeeze something out of it. Here are the least would put one Indian in the sold area. What have we got with candle sticks? You got you your hem of the and you've got you following you. What? Soldiers following up. It's broken above the range of those previous candles there. And this candle here, gray one To stay above the mid point of that, you've got a bullish no idea. Support and resistance, drawing support and resistant lines where the most of the points of the candles touch with that Be really bodies or tiles. You would be looking for your buying or selling activity and you be looking for candles that give you an indication of that change in trend direction. Same chart again. This time we're going to look at support and resistance lines grow their horizontal line, and we shall put I'm looking for where I can see a lot of points touching. And I'm looking at when I look on looking from left, right, left, right to live across the whole the whole page. So starting over here on a lift in solid. We've got a resistance level has formed here. This line course is having trouble breaking through. Get touching a quart of it. Then it falling broke through without dominant candle, which you would have then had. You're looking at your midpoint that block that to fear support in the next area. We're guy. Any fight you wouldn't have known he are at this area. But that was going to end up Bacca's they support. See how came back here is the support and back again is the support. And here is there a resistance level? Because where can't court break through it here But coming across now. See how this another quite bullish candle has broken through that resistance There, you could put support lawn through the So you're watching your canned election around that support law, and there now breaks below that. And what sort of candle? Good, Bearish candle would give it more bearish implications, but support resistance. You looking for AZM? Any points to touch as you can and think of the Mora zones or areas not literally points. Okay, Thanks. 15. Bringing It Together: I like a bringing it together Candlesticks that you know who is in control, the boys or the sellers. And now using the techniques in practice, the market is trending down your white for a pullback to a resistance level and look for bearish entry signals with confirmation from other indicators. So example on that visual you've got a dark cloud cover with the stochastic overboard Got a spinning top with the stochastic overboard in moving averages Cross. You've got a resistance level they and the up thrust through that level You've got your bearish engulfing stochastic crossed the moving averages Crossing to go Dear Bearish reversal patterns You've got double tops, head and shoulders rising wedge in a triple top You got a bearish flag, Bearish pennant, a descending triangle in a symmetrical triangle. Now we'll have a bullish look at the visual. So if the market is trending up and you wait for a pullback, toe a support level and look for bullish entry signals with confirmation from other indicators, he has got the moving average crosses over with a bullish engulfing and the Mac days above zero on the stochastic is increasing. You've got support bouncing off a support level there with a bullish engulfing. You've got new moving averages crossing over. You've got your white soldiers. You've got just a Castaic is the oversold cross in? It's moving forward and you've got your Mac do crossing over bullish reversal patterns. You've got your double bought him. You're falling, which you're inverse head and shoulders and your triple bottom. You have a bullish flag, the bullish pennant, an ascending triangle and a symmetrical triangle. Okay, so have a look at your own shots. Look at your own indicators. Have a look at your candle sticks around those indicators. Look at the bigger picture and see if you can identify these chart patterns eventually. Like anything with practice. They just stand out to you when you look at your chart. Okay. Thanks, boy. 16. Conclusion: well, we're at the conclusion. What have you learned about candlesticks? Well, they provide a diagram Matic view off the market Candlestick Petain's portray market sentiment and are an important component in market analysis. Japanese candlesticks provide visual insight into current market psychology. When candlesticks are combined with other technical indicators like market timing, your trading results can be enhanced considerably. The one primary and most basic premise of candlesticks is that you must first identify the trend off the market before you can even begin to find candle patterns. How can you have a bullish reversal candle pattern? If you're you are not in a downtrend. You can't. It is not magical. It is not the key to instant profit. It is just simply another good short term to for market analysis and trading. Candle PETN analysis should always be supplemented with other analysis techniques. Candlesticks are only one tool to use when l Clausing your entry and exit points off. I tried do not use them on their own, but in conjunction with other tools to increase the probability off a successful trade. My suggestion is that after a Candlestick signal takes take action in the next two or three sessions. So if you use one hour, candlesticks take action over the next two or three hours. A Candlestick Patton impact will last over approximately the next five periods. So another suggestion is that if you enter on a candlestick pattern and it does not produce a return in 3 to 5 periods, exit the position. Every Candlestick is a single battle. It's an overall war, and the five elements off the Candlestick tell us who is ahead, who is pulling Peck, who is in control and who has a better chance of winning the next battle. Element one. A candlestick must always be analysed in the context of what has happened in the past, which is the lead up phase. So whenever we try to analyze the trigger, we need to ask ourselves is the Karen Candlestick large up was smaller than the previous ones? Is the size of the candlestick changing, meaningful or not element to the candle body is a great starting point because we can get a lot of information from it. Ah, long body is showing strength, and when bodies become larger, it shows an increase in momentum. When bodies become smaller, it shows slowing momentum element three weeks and tails contro the volatility of price movements, the larger the wicks or tails. They show that the price has moved a lot during the duration of that candle, and it got rejected. When candle wicks or tails become larger, it shows an increase in volatility. This is often happens after long trending phases before reversal happens, or it major support and resistance levels. Element four. Now you can start slowly putting it together. In your analysis, do you see longer wicks or bodies in ah hae mo mentum trend. You can often see long bodies with small wicks, and when uncertainty rises and the volatilities picks ups, the bodies become smaller, while the wicks and titles become larger. An Element five the ratio of bodies and weeks and tiles Can you see a long week or tail with the body on the opposite side on This is often showing rejection. So when you have a small body in the middle of a candle with long weeks or tails, it means in decision, so summarize. You look at the relationship between the bodies and the weeks and the tiles. You look at the length of the weeks and the tails. You look at the position of the body in relation to the wicks and the tales, and you look at the size off the body. So created a visual for you here. So we've got the larger the body and the smaller the wicks and the tales, the greater the strength, whether it's the bulls or the bears them here. We've got a long wick with the body near the other end of the Candlestick and that shows that mo mentum has shifted. And the last one, the Wicks and the tales are on both sides with the body in the middle indicating indecision with the larger weeks and tails with a small body in the middle of the candlestick. OK, thanks. Seeing the list, Knicks beat boy. 17. Bonus Trading Tips: Welcome to the last piece. This is just a bonus. I've thrown in about some trading tips, and really, they're just things for you to think about. Which patients re balancing risks management, which involves position sizing, lot sizing and risk reward the patients. The following excerpt is from reminiscences of a stock operator. It's a fictional biography about the investing life of Jesse Livermore. In it, his character very Livingston expresses the principle of practicing patients as eloquently as we have ever heard. He is the quote and rod. He let me say one thing. After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this. It was never my thinking that made the big money for me. It was my sitting got that my sitting tight Men who can be both right and sit tight are uncommon. I found it one of the hardest things to learn, but it is only after a stock operator has firmly Greste this that he can make big money because patients is the key to any successful long term trading. Most traders get drawn into trades that do not fit their trading stall because they are just plain bored and are looking for something to trade. But as a trader, you have to have the inner strength to pounce on the opportunity when it presents itself and not force yourself to pounce when the time isn't right. In trading patients is a requirement. And remember, patience is the key opportunities are made up easier than losses. So if you let a few opportunities pass you by tent will on what could have been, there will always be more opportunities around the corner. Remember, trading is a marathon and not a sprint rebalancing. Keep those profits and don't give it all back to the market. One of the thrills of investing is watching your money grow. What is difficult, however, is holding onto those profits. You can have a big winning tried only to give all your profits right back on the next one. Sometimes the losses you incur on the very next tried exceed the gains from the previous one. If you want to build your account and become a consistently profitable trader, you have to learn how to protect your profits. Rebalancing is a technique used for professional money, manages and can be done in several wise. For example, if you invest a 100,000 last G site and it is worth $130,000 now, you simply sell off $30,000 worth of stock and pocket your profits. You can either use that $30,000 for whatever you want to re invested in something that can't lose value. You can reinvest your earnings into safer vehicles to ensure security, and you now have less money at risk. So using our example now you have $100,000 not $130,000 at risk. And the third thing is your risk management, which is part of position sizing and lots sizing when you are new to the markets. Most people think that the coup to success in trading is finding a winning strategy to follow. Unfortunately, whether without proper money management skills are winning, strategy can very easily turn into a losing one. The objective of money money management is to strike a balance between risk and reward, giving the trader longevity on the market while also allowing them to profit sufficiently in order to grow their account and Skyla up their trading. Simply the core focus of money management is positioned and risk reward. Many new traders make the mistake of only focusing on the upside. The trader is not thinking about the other side of the equation, which is the loss that will be suffered if they are wrong, and how this will affect the longevity off their trading position sizing. If a trader risks 5% per trade, it will only take 20 consecutive losing tribe's to walk their account clean, which is not a huge amount of losses, especially for a beginner. However, if the trader only risks 1% it would take 100 consecutive losing trades to empty their account. This creates a far higher likelihood of staying active on the market and recovering any previous losses to avoid crashing the account. The K two position sizing is in using the correct lot sizing. So what's lot sizing to work at your position sizing, you need to establish where you will place your stop loss on a technical level on, then adjust your lot size accordingly. So, for example, if you're going to risk 1% of $1000 which is $10 on a trade, you know that the stop loss will be 50 pips. This would mean a lot size off 500.20 and 0.20 times 50 pips equals $10. A stop loss is a function in a trading platform that you can sit and enable to automatically close a losing trade. At that particular point and risk reward ratio, the cage is striking. The correct money management balance is in understanding the risk reward ratio. Risking only 1% per trade might seem incredibly low. However, If you have a positive risk reward ratio, you can be extremely profitable. For example, if you have a risk reward of 1 to 3 means that for every 1% you risk you will make 3% which means that you can still make fantastic gains on your account while keeping your risk. Low risk reward is an incredible, important concept that many new traders often overlook in favor of a hit right, as they mistakenly believe that to be successful, they need to win as many trades as possible. However, a positive risk reward ratio is far more advantageous. One trader has a strategy with a one toe, one risk reward and his winning 60% of the time. This means that over 100 trades the trader would roughly have a 20% return from 60% winds minus 40% of losses. On the other hand, a trader to who has a strategy with a 123 risk reward, but he's only winning 40% of the time. This means that over 100 truck trades that would roughly have a 60% return from 120% winds and 60% losses. So even though the first trader has ah, higher hit rate, the 2nd 1 is far more profitable because he has a better risk reward ratio. And he's, um, a little table Gref to show you that. Okay, well, we have come to the end. I truly wish you every success with your trading boyfriend, L. Gail 18. Best Candlestick Course Promo: Hello. My name is Gail, and I've created this best guard. Two candle sticks for you. You might have some questions like, Well, I learned about candlesticks. What help A candle sticks going to bay to may. Why do this Candlestick course? Well, it's all part of learning. And do you want to learn about trading the stock market or the forex market? Well, the commodity market, like any job, profession or apprenticeship their topics that a part of the course or curriculum that you learn and candlesticks is one of those topics. You do not need to know anything about technical analysis or the stock market. To do this course, I will walk you through step by step, and by the end you'll have an understanding of candlesticks. If you want to start trading the stock market and you plan to look a charge as part of your driving analysis, candlesticks are part off that analysis. Why learn about candlesticks? Candlestick? Show the emotion in the market by this, their size and color trading with candlesticks Charts allows you the trader, to understand the market sentiment. Byetta traders use candlesticks to make trading decisions on regular occurring patterns that help them forecast the short term direction of price. An advantage of Candlestick charting compared to buy charts is the variety of reversal and continuation patterns that the candlesticks reveal. Entry is only one issue. It is when you exit a tried that determines your profit, and candlesticks can be used as a trigger for an exit. It is complimentary toe all other methods of technical analysis that you may use, and they can be used across any market or time frame. Well, candlesticks are tried tested, and true candlesticks have helped traders understand the price section in markets for over a couple of 100 years. Candlesticks are easy to learn and understand, along with some basic technical analysis, give you the ability to see patterns in the market and take advantage of these patterns. Candlesticks give you insight into the investor sentiment and thus trading opportunities. So why do this course? While the first step to becoming a successful trader is education, if you want to learn the markets, you can never learn enough and candlesticks or any one part of the pig geeks or of technical trading that is used in stocks for X commodities and indices trading before you start trading, it is important to familiarize yourself with the basics of candlestick patterns and how they can inform your decisions. In this course, I will give you solid groundwork. Explain simply, Like I said earlier, you do not need any previous knowledge to do this course. I keep it simple. Wouldn't it be nice to know when to enter on, when to exit to get those signs? That's why I've created this awesome course for you to teach you everything you need to know about candlesticks, so you'll learn how to understand a candle stick and not have to memorize them. How to read a Candlestick. Bullish Candlestick Reversals, Bearish Candlestick Reversals, continuation patterns, support and resistance. Integrating candlesticks and indicators. A visual summary shade and some trading tips I keep it simple and easy for you to understand. I want you to fully understand candlesticks. I want you to be good at understanding your charts on By the end of the course, you'll know how to rig Candlestick Petain's and be able to enter and exit trades at the right time. I show you really examples on riel chats. I look forward to you joining me in this course. Well, let's begin